Oddbean new post about login | logout (Does a google search) Um, do the riesters offer guaranteed payouts upon retirement, or are they subject to the succces of the markets?
I tend to be somewhat concerned about pensions given that I'm a single adult with zero chance of marriage and kids at this point, so a guaranteed payment upon retirement is attractive to me, but outside of government and a few unionized workforces and non-profits, you're left with far less secure defined contribution accounts and IRAs which guarantee nothing. FWIW, this seems that this is basically a German substitute for our 401ks/IRAs.